Thailand, South Korea and Kazakhstan added gold valued at about $2.59 billion to their reserves in July, joining Mexico and Russia in increasing holdings this year as central bankers hedge against depreciating foreign-currency reserves.
Gold fell for the first time in four days after the metal's rally toward $1,800 an ounce prompted some investors to sell the metal.
Immediate-delivery bullion lost as much as 0.4 percent to $1,784.20 an ounce, and traded at $1,787.90 at 9:09 a.m. in Singapore. Gold's relative strength index has topped 70 since Aug. 5, a signal of a potential drop.
"the next gold consolidation will build the base for a move to $2500 in 2012″ Shayne Heffernan of HCM said today.
December-delivery gold shed as much as 0.4 percent to $1,786.80 an ounce, after closing at a record settlement of $1,793.80 yesterday as investors sought to hedge against accelerating prices. An index of producer prices in the U.S. gained 0.2 percent last month, compared to a 0.1 percent increase that economists in a Bloomberg News survey were expecting.
Spot gold has rallied 26 percent in 2011, set for an 11th year of gains, as the debt crisis in Europe, slower U.S. growth and inflation in China boosted investor and central-bank demand.
Shayne Heffernan Best Buys in Gold are
African Rainbow Minerals Ltd, OZ Minerals Limited ASX:OZL
African Rainbow Minerals Ltd,
African Rainbow Minerals Limited (ARM) is a diversified mining and minerals company with assets in ferrous, platinum group metals, coal base metals and copper. ARM, its subsidiaries, joint ventures and associates explore, develop, operate and hold interests in the mining and minerals industry. ARM focuses on precious metals, ferrous metals and alloys, which include platinum group metals, nickel, iron ore, manganese ore, chrome ore, ferromanganese and ferrochrome alloys. ARM has an investment in Harmony Gold Mining Company Limited (Harmony). The Company is organized into four major operating divisions: ARM Platinum (which includes platinum and nickel), ARM Ferrous, ARM Coal and ARM Exploration. ARM's partners at the various South African operations are Anglo Platinum Limited (Anglo Platinum), Assore Limited (Assore), Impala Platinum Holdings Limited (Impala Platinum), Norilsk Nickel Africa (Pty) Ltd. (Norilsk Nickel) and Xstrata Coal South Africa.
|P/E Ratio (TTM)||14.01||16.37||22.46||16.75|
|P/E High - Last 5 Yrs.||21.41||59.86||121.45||97.01|
|P/E Low - Last 5 Yrs.||9.73||14.45||26.24||12.56|
|Price to Sales (TTM)||2.99||4.32||2.33||2.34|
|Price to Book (MRQ)||2.13||2.32||2.84||3.06|
|Price to Tangible Book (MRQ)||2.15||2.40||2.99||4.71|
|Price to Cash Flow (TTM)||9.72||14.06||18.86||9.12|
|Price to Free Cash Flow (TTM)||66.49||11.12||25.57||20.84|
|% Owned Institutions||-||-||-||-|
|Dividend Yield - 5 Year Avg.||1.24||0.76||1.45||2.41|
|Dividend 5 Year Growth Rate||-||16.61||16.10||-2.78|
|Sales (MRQ) vs Qtr. 1 Yr. Ago||59.78||27.63||23.71||9.45|
|Sales (TTM) vs TTM 1 Yr. Ago||71.75||18.04||21.39||10.29|
|Sales - 5 Yr. Growth Rate||14.98||14.93||13.44||7.76|
|EPS (MRQ) vs Qtr. 1 Yr. Ago||243.50||73.53||32.81||4.01|
|EPS (TTM) vs TTM 1 Yr. Ago||166.82||-||-||-|
|EPS - 5 Yr. Growth Rate||30.19||12.13||23.84||5.73|
|Capital Spending - 5 Yr. Growth Rate||20.06||19.05||15.39||3.61|
|Quick Ratio (MRQ)||1.80||0.70||1.10||0.66|
|Current Ratio (MRQ)||2.48||0.94||1.51||0.99|
|LT Debt to Equity (MRQ)||13.82||13.77||18.47||119.75|
|Total Debt to Equity (MRQ)||17.88||21.57||36.51||157.93|
|Interest Coverage (TTM)||-||-0.03||0.24||20.23|
OZ Minerals Limited ASX:OZL
OZ Minerals Limited is an Australia-based company. The principal activities of the Company are mining of copper, gold, silver and the conduct of exploration and development projects. The Company operates the Prominent Hill copper-gold project located in the Gawler Craton of South Australia, approximately 650 kilometers northwest of Adelaide and 130 kilometers south-east of Coober Pedy in South Australia. Copper production for the year ended December 31, 2010 was 112,171 tones of metal contained in concentrate, at the Malu open pit. Gold production in concentrate was also strong with 196,400 ounces compared to annual guidance of over 185,000 ounces. The Company carries out exploration activities Outside Australia, which are mainly in Cambodia. Among its subsidiaries there are: Minotaur Resources Holdings Pty Ltd, OZ Minerals Europe Ltd, OZ Minerals Insurance Pte Ltd, OZ Minerals Superannuation Pty Ltd and Wasin Mining Co. Ltd. Wasin Mining Co. Ltd.
|P/E Ratio (TTM)||8.28||16.37||22.46||16.75|
|P/E High - Last 5 Yrs.||128.23||59.86||121.45||97.01|
|P/E Low - Last 5 Yrs.||7.93||14.45||26.24||12.56|
|Price to Sales (TTM)||3.96||4.32||2.33||2.34|
|Price to Book (MRQ)||1.36||2.32||2.84||3.06|
|Price to Tangible Book (MRQ)||1.36||2.40||2.99||4.71|
|Price to Cash Flow (TTM)||6.45||14.06||18.86||9.12|
|Price to Free Cash Flow (TTM)||8.10||11.12||25.57||20.84|
|% Owned Institutions||-||-||-||-|
|Dividend Yield - 5 Year Avg.||-||0.76||1.45||2.41|
|Dividend 5 Year Growth Rate||47.58||16.61||16.10||-2.78|
|Sales (MRQ) vs Qtr. 1 Yr. Ago||3.78||27.63||23.71||9.45|
|Sales (TTM) vs TTM 1 Yr. Ago||85.44||18.04||21.39||10.29|
|Sales - 5 Yr. Growth Rate||24.63||14.93||13.44||7.76|
|EPS (MRQ) vs Qtr. 1 Yr. Ago||32.69||73.53||32.81||4.01|
|EPS (TTM) vs TTM 1 Yr. Ago||1,864.61||-||-||-|
|EPS - 5 Yr. Growth Rate||27.40||12.13||23.84||5.73|
|Capital Spending - 5 Yr. Growth Rate||-16.32||19.05||15.39||3.61|
|Quick Ratio (MRQ)||22.46||0.70||1.10||0.66|
|Current Ratio (MRQ)||24.75||0.94||1.51||0.99|
|LT Debt to Equity (MRQ)||0.00||13.77||18.47||119.75|
|Total Debt to Equity (MRQ)||0.00||21.57||36.51||157.93|
|Interest Coverage (TTM)||-||-0.03||0.24||20.23|
|Gross Margin (TTM)||75.12||34.27||27.12||33.78|
|Gross Margin - 5 Yr. Avg.||78.90||45.46||25.41||32.17|
|EBITD Margin (TTM)||77.75||-||-||-|
|EBITD - 5 Yr. Avg||67.26||33.34||19.09||20.09|
|Operating Margin (TTM)||58.63||24.30||15.43||-|
|Operating Margin - 5 Yr. Avg.||37.00||26.02||13.92||15.34|
|Pre-Tax Margin (TTM)||58.63||24.12||15.42||14.69|
|Pre-Tax Margin - 5 Yr. Avg.||37.00||27.05||13.73||14.91|
|Net Profit Margin (TTM)||47.79||17.98||11.43||11.01|
|Net Profit Margin - 5 Yr. Avg.||28.19||19.50||10.01||11.04|
|Effective Tax Rate (TTM)||18.49||19.20||24.10||22.21|
|Effecitve Tax Rate - 5 Yr. Avg.||23.80||28.39||27.64||24.81|
Exclusive Interview with Micheal Mitsunaga - President, CEO and DirectorArizona Gold and Onyx Mining Co PINK:VGCP
Arizona Gold and Onyx Mining Co PINK:VGCP is pursuing exploration and development on its polymetallic property, known as the Mayer Project, located in Arizona, the leading mining state in the U.S.A. Initially, the Company intends to commence production of high grade onyx from a large deposit on the property and to also investigate the occurrences of Gold, Silver, Platinum Group Metals (PGMs) and Copper that have been discovered on the property.
While a variety of onyx occurs on the project, the largest portion of the deposit consists of rare and beautiful "Honey" onyx, widely used in kitchens, baths and in many other interior and exterior décor. As well, pure black onyx coveted by the jewelry trade and other high-end users, and commanding a premium price in onyx markets worldwide, occurs on the property.
With rising demand and prices for high quality onyx, as well as for precious and base metals globally, Arizona Gold and Onyx is enthusiastic that its Mayer mining project in Arizona represents excellent potential and a compelling opportunity for profitable minerals production during the new global paradigm of the 20th Century in which mineral commodities are the foundation for economic growth.
What is the VGCP Estimated Reserve Today:
Currently, VGCP's estimated reserves are: $238 Million of onyx, and $18.7 Million of gold. These reserves do not include other precious metals, such as silver or copper.
What do you expect in reserves by year end:
Due to probable acquisitions, the estimated projections by the end of 2011 are: $1 Billion in onyx and between 18M and 24M ounces of gold. These projections do not include other precious metals, such as silver or copper.
Is funding in place for production:
The Company is has funding for our needs on an ongoing basis.
When will the company be producing Gold:
Aggressive estimates have the Company producing gold by year's end; conservative estimates put production out nine months to one year.
What $ value do you put on the Onyx reserves:
Current value of the onyx reserves is $238 Million.
When will Onyx production begin:
Onyx production is estimated to begin somewhere between twelve and eighteen months.
Where are the Gold Sites:
Currently, VGCP has the right to gold deposits in Arizona near Flagstaff at its Mayer Mine. VGCP is also reviewing two separate acquisitions in Arizona and Nevada. In the event that the Company is able to finalize either mine, the gold reserves would jump to between 18M and 24M ounces of gold reserves.
What Exchange are you aiming for:
The Company needs to be at least on the Bulletin Board, but preferably on a main board in the USA.
What is the news regarding drilling, testing:
After the finalization of the imminent financing, drilling and testing will begin immediately. Estimates are that the drilling and testing will take between ninety and one hundred eighty days to complete.
MICHAEL MITSUNAGA - President, CEO and Director
Mr. Mitsunaga brings over thirty years of successful entrepreneurial experience and business leadership to Arizona Gold and Onyx Mining Co. He majored in business administration at CSULA but left to establish a successful recycling company.
In addition to outstanding technical and entrepreneurial strengths, Mr. Mitsunaga has demonstrated excellent business and finance acumen at the most senior levels by achieving notable successes in managing and guiding corporate growth.
Mr. Mitsunaga served as the CEO and President of TSM Recovery and Recycling for twenty years, where he developed and patented his own process for recovering silver from photographic solution, which propelled his company to become the largest processor of photographic solution during the 1980s. Mr. Mitsunaga also invented a machine capable of bypassing then-existing limits on quantitative refinement, which resulted in greatly reduced production costs and enhanced recovery of silver, all of which bolstered his company's bottom line. He has provided expert consulting services within this industry for over nine years.
Mr. Mitsunaga served as President of North American operations for Union Pacific Foods, where he was instrumental in increasing annual corporate profits from $1 million to over $30 million in just five years. He simultaneously founded his own successful international trading company in the Far East, which has been in operation for over 25 years. Additionally, Mr. Mitsunaga has eight years of experience financing and funding real estate projects for private and public companies.
EDUARDO STALLINGS - Vice President and Director
Eduardo Stallings is the Director of Operations for Arizona Gold & Onyx Mining Company. Mr. Stallings utilizes his substantial leadership, management, and communication skills to drive the company's operations while improving efficiencies and employee productivity.
Mr. Stallings earned his Bachelor of Science degree in Biomedicine in 1983. He received certification by the NYS Department of Health Aid Institute in 1995, and became a certified Phlebotomy Technician in 1997.
Subsequently, Mr. Stallings pursued a career in the insurance industry. In 1998, he earned his Life, Accident, Health and Agents Insurance Licenses from the Pohs Institute. Since then, he has provided comprehensive insurance policies to individuals and families.
PHILLIP MARTIN - Treasurer
Phillip Martin serves as Treasurer for Arizona Gold & Onyx Mining Co. He brings over 20 years of extensive information technology experience to the company. His areas of expertise include building and managing sophisticated networks, overseeing relational database management systems, website development, and computer hardware administration.
Mr. Martin served in the United States Army for twelve years, where he has held key leadership positions. During his military tenure, Mr. Martin earned numerous medals and achievements, including two Meritorious Service Medals, and also earned his Bachelor of Science degree.
RICHARD A. JOHNSON - Chief Financial Officer
To the position of Chief Financial Officer at Arizona Gold and Onyx Mining Co., Richard Johnson brings a wealth of experience at the senior executive levels in the areas of Corporate Finance, Business Planning & Operations, R&D and Administration. His considerable strengths in the areas of Finance and Corporate Administration will greatly assist the Company as it advances towards production at Mayer.
Mr. Johnson's enviable record of achievements at the executive level includes, latterly, CFO at Early Detect Inc. where he supervised the financial activities of the Company and its subsidiaries over a span of 4.5 years. Previously, he held positions of Chief Financial Officer, General Manager and Director in industry and also was a Senior Management and Finance Consultant to the manufacturing, retail, agriculture and service industries for fifteen years as well as Program Control Director and Management Consultant with a major international Engineering and Construction Corporation. Early in his career, Mr. Johnson spent eleven years with the U.S. Department of Energy, Las Vegas, where he had the responsibilities of financial analysis, budgeting and Safety analysis in the areas of nuclear explosives internationally.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.